Manufacturing Magazine - June 2021 | Page 98

SAP INDUSTRY 4.0
INTELLIGENT PRODUCTS BY THE NUMBERS

36 % vs 33 % Profit margin of smart products compared to other goods , on average

1 in 3 sales are generated by products with embedded smart devices or intelligence

67 % of manufacturers produce finished products with embedded smart devices or intelligence

46 % of manufacturers are focused on embedding smart devices into products ...

… Yet 45 % of manufacturers face challenges accessing the required technologies

34 % 29 %

face challenges finding suppliers capable of delivering high quality smart devices still struggle to clearly define the customer needs or where smart products can add value

98 June 2021 Source : MPI / SAP